President Donald J. Trump’s “One Big Beautiful Bill Act,” the vehicle to enact much of Trump’s second-term agenda, has implications on taxes for individuals and families at most income levels, as well as for businesses and universities.
The bill makes many of the tax breaks permanent from the 2017 Tax Cuts and Jobs Act, which were set to expire at the end of the year.
But critics have said that it sidelines clean energy because it eliminates tax credits and incentives established under the Inflation Reduction Act for wind and solar energy, as well as electric vehicles.
